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MID-SHIP describes the dry bulk market as oversupplied, with low activity during the post-holiday period and a subdued January expected ahead of the Lunar New Year. Panama Canal transits have normalized, new vessel deliveries are steady, and China's property and debt issues persist.
Brazil's corn demand from China fell last year.
Vessel oversupply and weak Chinese grain demand keep ocean freight rates under pressure, which lowers the cost of shipping grain and oilseeds.
midship.comFrankJan 9, 2025Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
